BC Partners, which is reportedly the last remaining bidder for the business, has offered more than €3bn to owners EQT and state-backed Singapore Investment Corp (GIC), said Reuters, citing two people familiar with the negotiations.
The owners have agreed to lower their asking price of €3.5bn, while BC Partners is reluctant to offer more than €3.15bn.
“BC Partners absolutely wants Springer Science,” said one of the people.
Earlier this month it was reported that Springer Science was looking to raise close to €760m though its previously announced IPO on the Frankfurt Stock Exchange.
EQT and GIC bought stakes of 82 per cent and 18 per cent respectively for €2.3bn in December 2009. They were initially looking to sell the company of up to €4bn.
This week EQT announced a change to its governance structure following the decision to manage all funds established 2012 and onwards onshore in Europe.
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